Asia share markets slipped and the euro hit one-year lows on Monday as a fresh fall in the Turkish lira fuelled demand for safe havens, including the US dollar, Swiss franc and yen, according to Reuters.

Hong Leong IB Research in a traders' brief said on Wall Street, it expects further consolidation following the heightened trade and geopolitical tensions between the US and other countries.

"Moreover, should there be any confirmed retaliation measure by the China this month, we anticipate global markets to trade on a negative bias mode.

"Hence, upside of Wall Street May be limited near the 25,500-26,000.

"Tracking the negative undertone in the US and we think selling interest may emerge on the overbought equities on Bursa Malaysia after the KLCI rebounded from 1,650 to above the 1,800 level without a significant retracement, coupled with the uncertain August reporting season, capping the key index's upside near the 1,810 level," it said.